By Aaron Hochman-Zimmerman
New York, March 19 - Corporation Bank (AAA, local/LAAA, local) priced 2 billion rupees of 10-year unsecured subordinated bullet bonds with a coupon of 9.3%, according to a press release.
Corporation bank is a Pandeshwar, India-based retail and commercial bank.
| Issuer: | Corporation Bank
|
| Amount: | 2 billion rupees
|
| Issue: | 10-year unsecured subordinated bonds
|
| Maturity: | 2018
|
| Coupon: | 9.3%
|
| Call features: | Non-callable
|
| Pricing date: | March 19
|
| Ratings: | Crisil: AAA
|
| ICRA: LAAA
|
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